VEAM also owns stakes in the local subsidiaries of auto giants Ford, Honda and Toyota
With luxury tax calculated on retail rather than import price starting at the beginning of this year, cars cost 10...
This will help cut production costs and benefit consumers, an economist says
The company expects its sales to grow 40 percent to more than 112,000 units this year
But it was a good quarter as nearly 60,000 units were sold, up 23 percent year-on-year
Investors who fail to implement their projects need to give their places to others, officials say
The German company says the country has become one of its fastest growing markets
The industry's sales will grow 10-30 percent this year, insiders say
Only 7,000 cars were imported in January, half the December number
The goal is to strengthen the local auto industry that has failed to keep up with those in neighboring countries
It plans to build a plant in the country as part of a $73.55-million global expansion strategy
The latest models and concepts from the North American International Auto Show in Motor City.
Thailand took over South Korea and China to become the top car seller in terms of units
The carmaker has hinted at an exit but an industry insider says that is an empty threat